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Daily wrap up - August 5 - Tech

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Cisco Systems Inc reported an 18 percent fall in quarterly revenue as customers held back spending on network equipment, but the decline was mostly in line with Wall Street forecasts and its profit was better than expected.

Google bolsters video push with On2 deal

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Google Inc said it would acquire video compression software maker On2 Technologies Inc for $106.5 million, stepping up efforts to foster the spread of Internet video.
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Mid-Day Minute - August 5 Tech

Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers
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Warner Music and YouTube still talking on deal

Warner Music Group, the world's third largest music company, is still in talks with video sharing site YouTube to license its artists' music videos even after all its major rivals have renewed their deals.
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Google, YouTube win dismissal of some damages claims

A U.S. judge dismissed some damages claims in a copyright infringement lawsuit against Google Inc and its video-sharing Web site YouTube.com but left open the possibility that non-U.S. based rights owners could seek damages for live broadcasts, if they prevail.
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Future of Pirate Bay's new site 'Video Bay' in question

Following Pirate Bay's announcement on Tuesday that it will be acquired by a Swedish software company, analysts are speculating what will happen to Video Bay, its new video streaming site that places them in direct competition with services like YouTube and Hulu.
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Sony to launch smaller, lighter PSP: game websites

Japan's Sony Corp plans to sell a smaller and lighter PlayStation Portable handheld game machine later this year, according to video game websites which cite what they say is Sony's own promotional video clip.
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YouTube star who witnessed shooting comes clean

An Australia woman's account of a late night shooting in Sydney has turned her into an Internet sensation with T-shirts, mugs and a dance remix made in her honor but there's just one problem -- she made it up.
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Internet star Susan Boyle stuns again with Memory

Susan Boyle, the frumpy Scottish spinster whose amazing voice has become a global YouTube sensation, stunned audiences again on Sunday as she was voted through to the final of Britain's Got Talent.
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YouTube star who witnessed a shooting comes clean

An Australia woman's account of a late night shooting in Sydney has turned her into an Internet sensation with T-shirts, mugs and a dance remix made in her honor but there's just one problem -- she made it up.
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Internet star Susan Boyle back on UK talent show

Internet sensation Susan Boyle, whose performance on Britain's Got Talent last month has been watched on YouTube by tens of millions of people and made her a global celebrity, returns to the competition on Sunday.
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BBC's Birds headed for U.S. YouTube screens

The BBC is making a limited number of full-length episodes of natural history program The Life of Birds available to U.S. Internet users, marking the first time such long-form BBC content will have appeared online.
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Google CEO says he expects more government scrutiny

Google Inc Chief Executive Eric Schmidt said he expects more regulatory scrutiny from around the world and the company is paying more attention to the way it approaches certain business issues as a result of the attention.

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